News / Improving utilisation levels show ONE is getting back on course

Japanese ocean carrier Ocean Network Express (ONE) appears to have fully recovered from its abysmal start-up following the merger of the container businesses of K Line, MOL and NYK on 1 April last year.

It is now looking for opportunities to maximise its revenue to reverse the disastrous nigh-$600m loss of its first 12 months of trading and move into the black.

According to the monthly lifting data published by ONE, headhaul carryings on the key Asia-Europe and transpacific tradelanes reached 82% ...